Project Management

The Project Economy: Core Business Processes Through the Lens of a Project Model

Michael R. Wood is a Business Process Improvement & IT Strategist Independent Consultant. He is creator of the business process-improvement methodology called HELIX and founder of The Natural Intelligence Group, a strategy, process improvement and technology consulting company. He is also a CPA, has served as an Adjunct Professor in Pepperdine's Management MBA program, an Associate Professor at California Lutheran University, and on the boards of numerous professional organizations. Mr. Wood is a sought after presenter of HELIX workshops and seminars in both the U.S. and Europe.

In the mid-1990s while serving on the leadership committee of a large hospitality/casino gaming company, it became clear to me that to effectively grow, prosper and compete, we had to…

  • find ways of turning strategy into operational reality
  • continuously adapt and maintain an alignment between the value we delivered and the value stakeholders wanted
  • fundamentally change the way organizations thought about and did business

These themes resonated so deep in me that I was motivated to write my first book, The Helix Factor: The Key to Streamlining Your Business. Fast forward to 2020, and the emergence of the Project Economy and those themes seem to be alive and well—and more of an imperative than ever.

With projects beginning to take center stage in many organizations, it's only logical that everyone hone their project-thinking skills, to view routine workflows and value-streams through the lens of the project manager. After all, cross-functional/end-to-end processes share much in common with projects as summarized below:

Projects

Cross Functional / End-To-End Processes

Have specific and measurable goals and objectives

Have specific outcomes per cycle (e.g. paid order), per period (e.g. quotas)

Have performance metrics

Have quality and …


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